Varactor Diode Market is to grow at 10.3% During the Forecast Period 2017 to 2027

Future Market Insights presents a new report titled 'Varactor Diode Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027' that studies the performance of the global varactor diode market over a ten year assessment period from 2017 to 2027. The report presents the value forecasts of the global varactor diode market and provides important insights into the factors driving market growth as well as the factors restricting market growth. As per the assessment of Future Market Insights, the global varactor diode market was estimated to be valued at nearly US$ 490 Mn in 2017 and is likely to reach a valuation of nearly US$ 1,300 Mn in 2027 and in the process exhibit a CAGR of 10.3% during the period of assessment 2017-2027.

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Additionally, the demand for consumer electronics is rising rapidly. Consumer electronics includes things like smartphones, tablets, and other gadgets like DVD recorders and players. The increased demand for these sorts of devices is helping the worldwide varactor diode market. New consumer electrical technology products are also expected to significantly boost demand for varactor diodes during the forecast period.

Rising Adoption of 5G Technologies in the Coming Years and Increasing Usage of Smartphones to Boost the Global Varactor Diode Market

Varactor diodes used in wireless infrastructure are essential to the efficient operation of 5G technology since they are increasingly used for high speed applications that require improved linearity. With the advent of 5G technology, sales of electronic products like smartphones, laptops, and tablets will increase dramatically. As 5G technologies are still in the research and development stage, varactor diodes are frequently integrated in VCOs and used in applications such as radar, consumer electronics, and seaports. As a result, producers are taking advantage of the chance to diversify the varactor diodes in their product lineup, which are used in a number of applications.

The rapid global expansion of smartphones is another factor contributing to the market for varactor diodes predicted to gain substantial traction. The global varactor diode market is projected to benefit from the widespread use of mobile phones with high-speed data connections, which is the standard today.

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Global Varactor Diode Market: Segmentation and Forecast

The global varactor diode market is segmented on the basis of breakdown voltage, application and region.

By breakdown voltage, the 5V-30V segment was estimated to be valued at nearly US$ 300 Mn in 2017 and is likely to reach a valuation of nearly US$ 780 Mn in 2027, exhibiting a CAGR of 10% during the period of forecast 2017-2027.
By application, the mobile devices segment was estimated to be valued at nearly US$ 260 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 750 Mn in 2027, displaying a CAGR of 11.2% during the assessment period.
By region, the APEJ varactor diode market was estimated to be valued at nearly US$ 140 Mn in 2017 and is expected to reach a valuation of nearly US$ 420 Mn in 2027, exhibiting a CAGR of 11.7% during the period of forecast.

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Global Varactor Diode Market: Competitive Landscape

In this report, some of the important players functioning in the global varactor diode market have been profiled, which include players such as NXP Semiconductors, STMicroelectronics, MACOM, Vishay Intertechnology, ON Semiconductor, Analog Devices Inc., Infineon Technologies, Integrated Device Technology Inc. and Micro Semi Corporation.

Market Taxonomy

By Breakdown Voltage

5 V- 30 V
31V - 65V
65 V & Above

By Application

Defence, Aeronautics and Marine
Satellite Communication
Mobile Devices
DVD Recorders

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.